PHILADELPHIA v. TAX REVIEW BD.


144 Pa.Commw. 374 (1992)

601 A.2d 875

CITY OF PHILADELPHIA v. TAX REVIEW BOARD to the Use of Janney Montgomery SCOTT. Appeal of Janney Montgomery SCOTT, Appellant.

Commonwealth Court of Pennsylvania.

Decided January 3, 1992.


Attorney(s) appearing for the Case

P.J. Di Quinzio, for appellant.

Rick L. Ames, Chief Asst. City Sol., for appellee.

Before CRAIG, President Judge, and COLINS, PALLADINO, SMITH, PELLEGRINI, KELLEY and BYER, JJ.


KELLEY, Judge.

Janney Montgomery Scott, Inc. (Janney) is a securities dealer in the City of Philadelphia. Janney filed refund petitions with the Philadelphia Department of Revenue for payments of the city's mercantile license tax which is based on gross receipts. These petitions were denied and Janney appealed to the Philadelphia Tax Review Board which granted the refunds on the basis that securities dealers...

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